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You'd need to post your full computer specs in order for the techies here to assist you. I have an i7 CPU and a GTX 1060 GPU and PD18 runs very smoothly on my projects. That said, I work with HD not 4K, and my projects are pretty straight forward.
I agree with what you say - maybe my system is not the latest spec, but it handled PD16 adequately. PD18 in contrast to PD16 is so much slower I can no longer achieve any sort of "flow", I'm constantly waiting for it to catch up, and playback is jerky too much of the time. I have cleared out all cache files I can find as I know these can clog things up.
I feel PD has become bloatware with all the bells and whistles that have been added over the few years I have known it. And when I critically look at it - most are unused. Yes, PD18 has lots more tweaks and features (and some are very nice additions) but to render (no pun intended) the software almost unuseable is a sad development.
Someone once said on this forum, have a serious look at some professional videos and you will be surprised if you see anything more fancy than cuts and fades, yet PD18 has an enormous collection of transitions which most professionals will never use. Content is way more valuable than fancy features that serve only to distract from the content.
I like PD and have used it successfully for many years in a non commercial environment, but my continued use of PD is now seriously in doubt, not by choice but by sheer lack of useability. Which is a shame.
I am not so much seeking a solution to these issues, as I am sure there are things that could be updated (at cost), but just recording my disappointment that PD18 has reached this disappoiinting position.
For the moment though - there are some interesting alternatives available, that quite impressively provide the useability I desire on my existing hardware.
I will probably keep PD18 installed for the smaller pieces I do, but I have little appetite to struggle, when I don't have to.